Question: The following data was prepared by the Oriole Company. Total Variable Fixed Sales price $22/unit Direct materials used $82,650 Direct labor $96,000 Manufacturing overhead $99,600

The following data was prepared by the Oriole Company.

Total Variable Fixed

Sales price $22/unit

Direct materials used $82,650

Direct labor $96,000

Manufacturing overhead $99,600 $9,600 $90,000

Selling/administrative expense $22,700 $13,100 $9,600

Units manufactured 18,000units

Beginning Finished Goods Inventory 19,200units

Ending Finished Goods Inventory 24,500units

Under absorption costing, what is the unit product cost?(Round answer to 2 decimal places, e.g. 15.25.)

Unit product cost

$

Under variable costing, what is the unit product cost?(Round answer to 2 decimal places, e.g. 15.25.)

Unit product cost$

Under absorption costing, what is the cost of goods sold?(Round cost per unit to 2 decimal places, e.g. 2.52 and final answer to 0 decimal place, e.g. 2,152.)

Cost of goods sold

$

Under variable costing, what is the cost of goods sold?(Round cost per unit to 2 decimal places, e.g. 2.52 and final answer to 0 decimal place, e.g. 2,152.)

Cost of goods sold$

Under absorption costing, what is the operating income?(Round cost per unit to 2 decimal places, e.g. 2.52 and final answer to 0 decimal place, e.g. 2,152.)

Operating income

$

Under variable costing, what is the operating income?(Round cost per unit to 2 decimal places, e.g. 2.52 and final answer to 0 decimal place, e.g. 2,152.)

Operating income

$

Calculate the difference in operating income under absorption costing versus variable costing.(Round cost per unit to 2 decimal places, e.g. 2.52 and final answer to 0 decimal place, e.g. 2,152.)

Difference between absorption and variable costing income$

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